"I believe that we can have one more decline in interest rates as a result of a recession that may happen later on this year or next year."Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managi...Read More
COLORADO SPRINGS, CO, March 26, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for March 2018 payable on April 23, 2018 to shareholders of record as of April 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexi...Read More
Canada-based Gungnir Resources (TSX-V: GUG) announced that authorities have approved a permit application to start drilling on its Knaften gold project, located in the Vasterbotten district of northern Sweden.According to the miner's website, Knaften covers Au in boulders and outcrop, as well as drill-indicated Au mineralization along a developing 10+ km long geochemical-magnetics trend in the Kna...Read More
Comex copper prices on Monday March 26 remain at a December 2017 low with a potential trade war between the United States and China, along with increased warehouse stocks, weighing on the complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange declined a further 1.80 cents or 0.6% to $2.9750 per lb. The red metal was pressured by a 37,575 tonne delivery into Lo...Read More
Biff Robillard, president and co-founder of Bannerstone Capital Management, LLC, joins the team to share his insights on the markets and investors' state of mind.1:40 Major changes are afoot5:18 Rough road ahead for the dividend aristocracy9:05 power, who has it?14:55 Lack of #investor enthusiasmJames "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer...Read More
Bob Moriarty of 321 Gold comments on a company that has claims on land in the North Nevada Rift, the same formation as the Hollister Mine, which Hecla just acquired from Klondex Mines for $462 million. Gold companies often work for years and spend millions of dollars before hitting the jackpot. Today I'm going to talk about a company that did a deal on a project and hit the jackpot right out of t...Read More
By Clint SiegnerGold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008.The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable effect on mine output.Many projects with marginal ore deposits...Read More
Newcrest Mining, Australia's largest independent gold miner, said it will recommence mining operations at its flagship Cadia mine which was closed following damages to a tailings dam wall.Mining operations will restart at Cadia East, in accordance with predefined test and response program, the company said in a statement."Mining will initially be from Panel Cave 1 and then progressively recommence...Read More
Just when you thought it was over, Trump is winning. The wall is going to be built. China just came to the table with trade concessions. North Korea appears to be malleable and will perhaps give up their nukes. Dodd Frank has been rolled back! Trump is prevailing on so many fronts that his opponents don't even know where to turn. If this is what losing is all about, then let's keep it going.John R...Read More
Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time.In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up by...Read More
LONDON (Reuters) - Lawyers for Brexit campaign whistleblowers said on Monday that there was a prima facie case that Vote Leave broke election law in the EU referendum, according to a legal opinion by law firm Bindmans which Reuters has seen.“We consider that there is a prima facie case that the following electoral offences were committed by Vote Leave in the EU referendum campaign and that t...Read More
Technical analyst Jack Chan charts recent movements in the gold and silver markets.Our proprietary cycle indicator is now up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.Sp...Read More
By Dave KranzlerIt feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hamme...Read More
Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More
Microsoft was the best Dow stock todayThe Dow started the holiday-shortened week off with a bang -- logging its biggest one-day percentage gain since Aug. 26, 2015, as trade war concerns died down on reports of tariff talks between the U.S. and China. Leading the charge among blue chips today was Microsoft (MSFT), which had its best day since October 2015, thanks to a bold price target from Morga...Read More
"Right now, the good guys are 70% to 80% in control."There is free information and interviews at DaveJanda.com. If you want to support Operation Freedom, and keep it on the air, go to the upper right hand corner of Dave Janda.com and click the donate button.Read More
WASHINGTON (Reuters) - Banks should adopt compensation plans that discourage excessive risk-taking and place greater onus on senior managers for wrongdoing, the outgoing head of the New York Federal Reserve said on Monday.William Dudley, who plans to step down later this year, said regulators should encourage banks to overhaul their corporate cultures to reduce risk and bad behavior, even as regul...Read More
If the latest COT report for silver getsany more bullish than the one released on March 23rd, commercialtraders will have to go ‘net long!’ Asit is, they reduced their ‘net short’ position to the lowest number in manyyears, down to just 4,000 contracts – barely 2% of the total openinterest! This is bullish action! Asrecently as January 16...Read More
Barrick Gold Corp, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challenging "shareholder experience" and operations at some mines.Shares in the Canadian miner declined 15 percent last year, even as the price of gold gained 11 percent. In 2017 Barrick had a third cyanide spill in 18 months at its Veladero mine in Argentina and struggled...Read More
AOBC stock is nearing oversold territoryShares of American Outdoor Brands Corp (NASDAQ:AOBC), formerly known as Smith & Wesson, are trading down 4.3% at $9.42 following a bankruptcy filing by gun maker Remington and Saturday's March for Our Lives protests for gun control. AOBC options traders are targeting a quick bounce, with call volume running at three times what's typically seen at this point...Read More